FTX V2 To Debut Sooner Than You Know: Details
- The FTX V2 is destined for debut on November Nov. 21 after the development team is finished with all the work that has been going on for the better part of the year.
- The new and improved version of the exchange will feature an improved matching engine which will address all the issues pointed out by users regarding the performance and infrastructure of the current one.
- “We’ll be rolling out a whole new order matcher, lower latency API pathways, a whole slew of other features,” FTX CEO SBF.
One of the biggest cryptocurrency exchanges, FTX, led by crypto mogul Sam Bankman-Fried, popularly known as SBF in the crypto world, will soon be ready with its new and improved version, i.e., the FTX V2 and as per a Twitter thread from the crypto billionaire, a number of improvements will be rolled out to the existing platform in order to remain above the competition.
The FTX V2 is destined for debut on November Nov. 21 after the development team is finished with all the work that has been going on for the better part of the year. With 2022 coming to an end, the crypto exchange led by Bankman-Fried might be aiming to give their rivals, a run for their money.
The FTX V2 will feature an improved matching engine which will address all the issues pointed out by users regarding the performance and infrastructure of the current one. “We’ll be rolling out a whole new order matcher, lower latency API pathways, a whole slew of other features,” FTX CEO Sam Bankman-Fried tweeted a few hours ago.
We’ll be rolling out a whole new order matcher, lower latency API pathways, and a whole slew of other features. These have been in the works for most of the year. They’re almost ready to release,”
SBF said.
Maching engines are popular in the crypto world and this is what exchanges and other trading houses use to match buy and sell orders. Hence, the matching houses are a major reason why trading takes place on crypto exchange in the first place. Therefore, the new matching engine that the crypto exchange led by SBF plans to release with FTX V2 might answer all the questions that customer were waiting for.
According to the statement from SBF, the new maching engine will bring two massive changes and will “double the order throughput” and also “half the order latency.” These two additions to the current matching engined used by FTX will prove quite beneficial as the exchange users currently face many issues while placing their trades.
Issues with FTX have been a matter of debate for long and with the debut of FTX V2, it is possible that many of the queries of users are resolved themselves.
Interestingly, the new version might have been sped up following the recent downtime faced by FTX after the aftermath of the September U.S. consumer price index report going live. The downtime was caused by an issued in the web interface due to which users were unable to access the website and as a result, SBF had to apologize for the same.
A crypto journalist with over 3 years of experience in DeFi, NFT, metaverse, etc. Parth has worked with major media outlets in the crypto and finance world and has gained experience and expertise in crypto culture after surviving bear and bull markets over the years.
